Egypt’s Minister of Information has denied claims by the Wall Street Journal that Egypt believes Iran was responsible for a recent drone attack on two ships at the port of Damietta. This attack marks the first strike on Egyptian territory in the ongoing Israel-Iran conflict. Damietta is a key Mediterranean LNG and gas-transshipment hub. Egyptian authorities stated that no party has claimed responsibility for the attack, suggesting a complex geopolitical situation. Market odds regarding Iranian military action against Gulf states fluctuated and then slightly decreased following this denial.
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